FT 23/01/19 | Vox Markets

FT 23/01/19

Lex – Metro Bank (MTRO)/challenger banks: cat flap. Investors will need a diehard temperament

Ex-Tesco (TSCO) executive acquitted over accounting scandal. Carl Rogberg is third of three managers at the UK retailer to be cleared in case

Former Barclays (BARC) chief misled market, jury hears. John Varley and three others accused of funnelling £320m to investors to keep the bank afloat

Burberry Group (BRBY) warns on impact of no-deal Brexit. UK fashion house says supply chain disruption could add millions in extra trade costs

Metro Bank (MTRO) reveals riskier commercial loan portfolio. Shares dive 30% after challenger discloses it improperly accounted for some lending

Vodafone Group (VOD) and O2 signal potential sale of mast joint venture. Telecom groups agree to expand tower controller CTIL to build 5G network

Apollo to buy RPC Group (RPC) packaging group in £3.3bn deal. Private equity house swoops on FTSE 250 manufacturer

Lloyds Banking Group (LLOY) plans to cut costs with start-up’s IT platform. UK lender has held talks with regulators about an initial move of about 500,000 customers

Lombard – Jupiter Fund Management (JUP) seeks to profit from long/short trade on chief executives. The Slendebroek-for-Formica swap was not expected though it has a clear rationale

Patisserie Holdings (CAKE) enters administration after fraud. KPMG says 70 of café chain’s outlets will close immediately

easyJet (EZJ) suffers £15m hit from Gatwick drone chaos. Airline blames accounting standards changes and late Easter for costs of £100m

Pets at Home Group (PETS) considers stockpiling inventory ahead of Brexit. Retailer is latest group to consider contingencies amid uncertainty over UK’s EU divorce

Electronics boost Dixons Carphone (DC.) Christmas. Higher sales of big-screen TVs and gaming products offset further slide in mobile

Kier Group (KIE) chief to step down with ‘immediate effect’. Haydn Mursell had led the troubled UK construction group since 2014

Land Securities Group (LAND) joins rush to offer flexible space. UK landlord to offer short-term leases as it launches WeWork rival Myo

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Mentioned in this post

BARC
Barclays
BRBY
Burberry Group
CAKE
Patisserie Holdings
DC.
Dixons Carphone
EZJ
easyJet
JUP
Jupiter Fund Management
KIE
Kier Group
LAND
Land Securities Group
LLOY
Lloyds Banking Group
MTRO
Metro Bank
PETS
Pets at Home Group
RPC
RPC Group
TSCO
Tesco
VOD
Vodafone Group